India Gelatine & Chemicals Ltd

India Gelatine & Chemicals Ltd

₹ 315 -1.24%
22 Nov 4:00 p.m.
About

Incorporated in 1973, India Gelatine & Chemicals Ltd is engaged in manufacturing and export of Ossein, Di-Calcium Phosphate (DCP)& Gelatine.

Key Points

Product Portfolio:[1]
a) Edible Gelatine: Being odorless & tasteless, Company's Gelatine can be mixed in any foodstuff.
b) Photographic Gelatine: This kind of gelatine has an ability to form a solution when heated and then come back to jelly form when cooled and to remain durable after water has been removed making it very useful for photographic industry.
c) Technical Gelatine: It is a good clarifying agent used in metal electrolysis. Gelatine strengthens nails and promotes hair growth therefore it is used in cosmetic industry. Also, match box industry utilizes its thickening & foaming properties to make match heads.
d) Pharmaceutical Gelatine: It is ideal for manufacture of hard & soft shell gelatine capsules. It is also used to treat wounds & as life saving blood plasma substitute.

  • Market Cap 223 Cr.
  • Current Price 315
  • High / Low 514 / 306
  • Stock P/E 10.6
  • Book Value 228
  • Dividend Yield 3.51 %
  • ROCE 22.0 %
  • ROE 17.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 34.5% CAGR over last 5 years

Cons

  • Company has a low return on equity of 13.9% over last 3 years.
  • Earnings include an other income of Rs.8.38 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
33.33 43.77 52.37 44.92 47.33 56.39 56.55 58.04 48.73 47.85 51.21 50.09 42.71
33.10 42.07 47.55 40.45 41.62 46.11 43.59 45.64 41.15 40.27 43.76 44.24 39.01
Operating Profit 0.23 1.70 4.82 4.47 5.71 10.28 12.96 12.40 7.58 7.58 7.45 5.85 3.70
OPM % 0.69% 3.88% 9.20% 9.95% 12.06% 18.23% 22.92% 21.36% 15.56% 15.84% 14.55% 11.68% 8.66%
1.10 0.93 0.68 0.53 0.53 1.19 0.90 2.14 1.91 2.54 1.65 2.32 1.87
Interest 0.02 0.02 0.14 0.05 0.07 0.26 0.27 0.12 0.20 0.13 0.28 0.17 0.11
Depreciation 0.86 0.95 0.92 0.92 0.93 1.03 0.97 1.17 1.19 1.18 1.72 1.34 1.36
Profit before tax 0.45 1.66 4.44 4.03 5.24 10.18 12.62 13.25 8.10 8.81 7.10 6.66 4.10
Tax % -22.22% 35.54% 27.25% 28.54% 22.71% 24.66% 26.23% 24.30% 31.85% 11.46% 29.30% 24.32% 24.63%
0.54 1.07 3.23 2.88 4.04 7.67 9.31 10.04 5.52 7.81 5.02 5.04 3.09
EPS in Rs 0.76 1.51 4.55 4.06 5.70 10.81 13.13 14.16 7.78 11.01 7.08 7.11 4.36
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
116 120 115 93 74 98 112 132 144 160 205 206 192
97 105 109 89 74 96 107 124 135 152 172 171 167
Operating Profit 19 15 6 4 1 2 5 7 9 8 33 35 25
OPM % 16% 13% 5% 5% 1% 2% 5% 6% 6% 5% 16% 17% 13%
3 3 7 5 6 4 4 3 4 4 3 8 8
Interest 0 0 0 0 0 0 0 0 0 0 1 1 1
Depreciation 5 5 5 5 3 3 3 3 4 4 4 5 6
Profit before tax 17 12 7 5 3 3 6 6 9 7 32 37 27
Tax % 33% 35% 14% 23% -5% 16% -1% 16% 23% 24% 25% 24%
11 8 6 4 3 2 6 5 7 6 24 28 21
EPS in Rs 12.13 8.57 6.62 3.89 3.37 3.19 8.11 7.56 10.02 7.91 33.70 40.03 29.56
Dividend Payout % 25% 21% 23% 23% 27% 63% 43% 20% 25% 32% 10% 2%
Compounded Sales Growth
10 Years: 6%
5 Years: 13%
3 Years: 13%
TTM: -13%
Compounded Profit Growth
10 Years: 12%
5 Years: 34%
3 Years: 63%
TTM: -36%
Stock Price CAGR
10 Years: 12%
5 Years: 27%
3 Years: 36%
1 Year: -9%
Return on Equity
10 Years: 7%
5 Years: 11%
3 Years: 14%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 9 9 7 7 7 7 7 7 7 7
Reserves 99 105 109 112 115 92 95 97 103 108 129 147 154
0 0 0 0 0 0 0 0 0 0 10 8 7
41 34 35 35 17 17 14 19 17 22 33 22 21
Total Liabilities 150 148 154 157 141 115 116 124 127 136 180 184 190
52 49 47 45 44 42 42 43 40 41 60 69 70
CWIP 2 0 1 0 1 0 0 0 0 1 4 2 2
Investments 14 13 13 7 36 30 30 28 34 33 43 44 51
82 85 93 104 60 43 44 53 52 62 73 70 67
Total Assets 150 148 154 157 141 115 116 124 127 136 180 184 190

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 -1 17 4 -4 15 5 7 6 9 18 18
-10 2 3 8 -27 -19 -1 -3 -6 -8 -21 -8
-3 -3 -2 -2 -1 -1 -2 -3 -1 -2 7 -13
Net Cash Flow -7 -2 18 10 -32 -5 2 1 -1 -1 3 -3

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 24 19 12 24 22 17 17 18 24 26 25 22
Inventory Days 186 208 198 187 365 209 180 178 129 130 176 182
Days Payable 38 29 19 22 54 48 23 52 25 36 60 35
Cash Conversion Cycle 173 198 191 189 333 178 175 144 127 120 140 169
Working Capital Days 107 149 111 139 206 112 102 90 95 95 70 81
ROCE % 16% 11% 3% 2% 1% 2% 6% 7% 7% 6% 24% 22%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
61.38% 61.38% 61.38% 61.38% 61.42% 61.43% 61.43% 61.43% 61.43% 61.43% 61.43% 61.43%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
38.61% 38.61% 38.61% 38.61% 38.56% 38.54% 38.56% 38.54% 38.56% 38.56% 38.54% 38.54%
No. of Shareholders 4,8434,7624,7655,0855,0375,0975,4995,7426,2337,1507,1617,180

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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